One of the demographics where Bitcoin could make an impact is in the 16-23 year old bracket. The current generation of young adults and students have grown up in an era of little to no cash payments, multiple economic crises and technology evolving at such a rapid pace it has become nearly impossible to keep track of. But a lot of them also know about Bitcoin and digital currency, which could make for a very interesting mix.
Bitcoin Airdrop in Canada
When it comes to Bitcoin airdrops, it is a type of event that hardly ever takes place anymore now that Bitcoin has gained a three-digital value. Giving out free money without getting anything in return is a business practice you will rarely encounter, and for obvious reasons. But in Canada, there will be a Bitcoin airdrop in a few days from now.
There are three parties involved to make this Bitcoin airdrop happen: McGill Cryptocurrency Club, Bitcoin Embassy, and Bitcoin Canada. Before you get any images in your head of physical Bitcoins dropping from the sky and hitting people in the head, rest assured that a digital currency airdrop is nothing like that at all.
The way these involved parties will go about spreading Bitcoin comes in the form of paper wallets [which are far less harmful for the potential recipients, unless you get a paper cut]. All of these paper wallets will be handed out to McGill students on April 23 and 24, between 2PM and 6PM at the Y-intersection. Every Bitcoin paper wallet is loaded with US$ in BTC, and accompanied by an information package on what Bitcoin is, how to use it and where to spend it in Canada.
For those of you who want to come prepared for this Bitcoin airdrop – in terms of already having a Bitcoin wallet installed and being able to redeem your paper wallet fairly quickly – the team recommends the following wallets: Mycelium (Android users), Breadwallet (iOS users) and Bitcoin Wallet (Blackberry users). No recommendations were made for Windows Mobile users at this time [even though Bitcoin Wallet is available for that platform as well].
In order to fund such a massive undertaking – a lot of money will be given away for free to quite a few people – McGill Cryptocurrency Club has been raising funds, whilst also looking at major Bitcoin companies to sponsor this Bitcoin airdrop. By offering an incentive to these companies – such as placing their logo on the paper wallet or information package – there is a win-win situation for all parties involved.
Not the First Bitcoin Airdrop For Students
The concept of hosting a Bitcoin airdrop for students is nothing new though. Last year, MIT students received US$100 worth of Bitcoin when signing up for the initiative. Needless to say, MIT has a far bigger ‘status’ in the world of universities and colleges, making it a bit easier for them to obtain enough funding to give away free money to students.
Images courtesy of McGill Cryptocurrency Club, Bitcoin Embassy, and Bitcoin Canada